Idun Industrial Q3 net sales rise on acquisitions

By Reuters News


Overview

  • Sweden industrial group’s Q3 net sales rose 26%, with organic growth of 11%

  • Q3 EBITA climbed 36%, and adjusted EPS increased to SEK 5.0 from SEK 3.6

  • Company completed several acquisitions and reduced financing costs after early bond redemption


Outlook

  • Idun expects group companies to be well positioned for opportunities in a stronger economy

  • Company sees financing costs decreasing after early bond redemption and increased credit facility

  • Idun maintains a positive outlook for group development into 2027 despite company-specific challenges


Result Drivers

  • ACQUISITIONS - Co said acquisitions contributed to net sales and EBITA growth in Q3

  • ORGANIC GROWTH - Co said organic sales and EBITA growth improved in Q3 after weaker Q2

  • STABLE MARKET CONDITIONS - Co said more group companies began to experience stable market conditions in Q3


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Sales

SEK 657 mln

Q3 Cash Flow from Operating Activities

SEK 38 mln

Q3 EBITA

SEK 101 mln

Q3 EBITDA

SEK 116 mln

Q3 Organic Growth

11.10%


Analyst Coverage

  • Wall Street's median 12-month price target for Idun Industrier AB (publ) is SEK375.00, about 19% above its October 22 closing price of SEK315.00

  • The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago


Reuters Recommended Reads

  • Oct 22 - Sweden's Atlas Copco Q3 revenue slightly beats estimates, orders up 29%

  • Oct 22 - Sweden's Sandvik Q3 revenue beats estimates on order growth

  • Oct 22 - Sweden's AFRY beats Q3 sales estimates on strong order backlog


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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